Due to Danone's acquisition of the remaining shares of Lifeway Foods, Inc. (LWAY.US) at a price of $25 per share, the stock surged 16% after hours.

After Danone (DANOY.US) proposed to acquire the remaining shares of Lifeway Foods, Inc. (LWAY.US), the latter's stock rose by 16% after hours. According to the 13D filing submitted on Monday, Danone North America PBC sent a letter on Monday, offering to acquire the remaining shares of Lifeway Foods, Inc. for $25 per share in cash. Lifeway Foods, Inc. has a market value of $315 million and is known for its Kefir products. Danone owns 23.4% of Lifeway Foods, Inc. and has held a significant stake in the company for nearly 25 years. It is reported that Danone plans to negotiate with Lifeway Foods, Inc. regarding the transaction. Additionally, in June of last year, a shareholder urged Danone to sell, and the company may face potential takeover bids in the future.